I opened a new position with the purchase of Bank OZK (OZK)
107 shares @ $26.27 on 11/16/2018.
This increases my forward 12-month dividend income by $89.88 to a total of $7,157.20
I also updated my portfolio page to reflect the change.
I kinda pull the tiger on this one a little early, but that is ok because I will be holding this stock for a long time.
Bank OZK has a dividend yield of 3.85% and a 5-year dividend growth rate of 23.2%.
I am currently in the red with a loss of 19.34%. I am ok with that because I will be doubling down sometime in the near future.
I find OZK to be undervalued, and I recommend it as a BUY at this time. I have a fair value price at $35.89. This means that OZK is 69.4% Undervalued based on today’s price of $21.19 (12/19/2018).
What do you think of the company? Plan on owning it or already do? or why not?
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